Semestre “A” English
INSTITUTO DE INVESTIGACION Y ENSEÑANZA IBEROAMERICANO LENGUA EXTRANJERA 1 2013-2014
My family tree
My family tree
On Wednesday morning , the parallel dollar in Venezuela was 11 times the official exchange rate , which is 6.3 per dollar .
But in the afternoon, after the government announced measures that seek to minimize that part wide gap between the two rates , illegal parallel dollar stood at 12 times the official rate .
Merentes , the architect of the exchange complex world
Caracas among the most expensive : it depends on how you look
The devaluation of the Venezuelan bolivar divided
The government created a new system of exchange control in several sectors of the economy no longer exchange dollars at the rate of 6.3 and pass to a higher , probably twice .
Click Read : Venezuela partially devalued the bolivar
The plight of the Venezuelan economy, with a fiscal deficit of 15 % and an unbridled inflation led the government of Nicolas Maduro to do this " covert devaluation" - categorized according to economists for more bolivars per dollar and so settle their debts.
But another of his goals is to end the " unspeakable " called , that dollar black market that developed in recent years as the state solely responsible to sell international currencies in Venezuela , no longer able to meet the demand for dollars in the country .
Change silver on the black market is a crime, but it has become such a common practice among many economic sectors Venezuelans costs calculated from this rate .